Category: Residential Mortgages
Newcastle was the first major lender to sign up to the Deposit Unlock scheme earlier this month.
Paradigm member firms will now have access to Reliance Bank’s full product range, including its shared ownership and key worker mortgage products.
Demand is still strong, and that Search Acumen expects it to fuel activity in the property market well into Autumn and beyond.
Sarah Coles at Hargreaves Lansdown said: “We saw record sales in September, as buyers dashed for the stamp duty deadline.”
Stamp duty receipts for September were £1.3bn, taking the total receipts for the year so far to £8.9bn.
Franco Di Pietro, head of intermediary mortgages at Newcastle Intermediaries, said: “We’re always listening to broker feedback and looking for ways to improve our product and proposition offer.”
John Phillips, national operations direction at Just Mortgages, said: “As the UK housing market steadily edges closer to normality, property transactions are returning to familiar levels.”
There are pockets of the UK, typically within London, the South East and South West that are facing particularly acute housing issues.
However, despite demand being high in many cities, the chances of actually buying a grade-listed home remain low.
This latest debt and equity round was led by VentureFriends, Kibo Ventures, Anthemis, Entrepreneur First, and Amro Partners.